RSSBe Sure to Have Unemployment Insurance
Mar 02
By having unemployment insurance I mean that you should have some money stashed away for emergency situations. You must have at least $1000 in your emergency spending account. This is just the bare minimum. You should have a budget that you stick to, debt under control (hopefully zero) and savings.
You pay bills for services such as electricity, phone and water but you have debt associated with things such as credit card purchases, car, house, etc. – keep your bills current and your debt under control. If you get laid off, lower your bills by cutting out unnecessary expenses like Netflix (or Blockbuster J) and cable and talk to your creditors about reducing your debt payments.
Three great books to read on finances are Your “Your Money Counts” by Howard Dayton,“Financial Peace University” by Dave Ramsey and “The Millionaire Next Door” by Thomas J. Stanley,William D. Danko. Also check out the websites Crown.org and DaveRamsey.com.
